Ethereum, Aptos, IOTA Price Forecasts: Crypto Markets Brace for Volatility – May 13 Wrap

Crypto traders eye key levels as ETH struggles to hold $3K, Aptos tests critical support, and IOTA’s ’feeless’ dream meets market reality.

Ethereum bulls cling to psychological $3K support—but another leg down could trigger cascading liquidations. Meanwhile, Aptos faces a make-or-break moment at $8.50 after shedding 12% this week. IOTA’s ’zero fee’ narrative gets stress-tested as network activity flatlines.

Bonus jab: Wall Street ’experts’ still can’t decide if crypto’s a hedge against inflation... or just against sanity.

In our previous update, we showed that per the Elliott Wave (EW) Principle, ethereum (ETH) was completing the red Wave-c (W-c) as part of the large black W-4. See Figure 1 below. In this case, the 4th wave is, in EW terms, a running flat where the red W-c failed to go below the red W-a. Besides, from a technical pattern perspective, we also showed Ethereum is most likely forming a Bull flag pattern (black dotted lines). The flagpole was the rally from the 2020 low to the 2021 ATH. The flag is the sideways 4th wave pattern, and a breakout can then target $6100+.

IOTA with ticker IOTUSD made sharp and impulsive rally at the end of 2024, which we see it as a first leg (A)(1) of a bigger recovery in minimum three waves (A)(1)-(B)(2)-(C)(3). Since the beginning of 2025, Crypto market slowed down and IOTA made a deep retracement, but in three legs ABC with an ending diagonal/wedge pattern into wave C, which indicates for a correction in wave (B)(2).